Economy and Business

Indian Equity Summary-Benchmark indices Sensex and Nifty closed in the green for the second consecutive week in line with the global key equity indices. Nifty 50 and Ø Sensex rose by 1.7% and 1.4% respectively. Sectorally, all the sectors indices barring Consumer durable and IT closed in green. BSE Metal, BSE Power and BSE Bankex were the top performers and rose by 6.65%, 4.99%, and 3.41% respectively.   Investor sentiments were also lifted by the announcement of further relief package of TLTRO by RBI targeted towards small and medium-sized Ø financial institutions including NBFCs and MFIs. The reverse repo rate has been cut by another 25bps to 3.75% to incentivize the banks to lend.   India VIX continues to cool off and has dropped to ~42.59 on Friday. It has dropped by ~32% in 1 month.  Ø   Going forward, the growth in the number of COVID-19 cases among other factors such as the movement of rupees, crude oil prices, foreign Ø currency inflows and outflows will continue to dete

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